URBN pushes through key resistance level


Urban Outfitters Inc. (URBN) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team

Highlights

URBN pushes through key resistance level
URBN closes higher for the 5th day in a row
URBN pushes through previous session high
URBN rises to highest close since Inception

Overview

Moving higher for the 5th day in a row, URBN finished the week 7.98% higher at 48.28 after gaining $0.74 (1.56%) today on high volume. Today's closing price of 48.28 marks the highest close since Inception. Closing above Thursday's high at 47.67, Urban Outfitters confirms its breakout through the previous session's high having traded $1.27 above it intraday.

Daily Candlestick Chart (URBN as at Aug 10, 2018):

Daily technical analysis candlestick chart for Urban Outfitters Inc. (URBN) as at Aug 10, 2018

Friday's trading range was $1.83 (3.84%), that's above last trading month's daily average range of $1.37. Weekly volatility is also higher, being way above the markets average with the monthly volatility being above average.

Breaking through the key resistance level at 48.24 today, it is now likely to act as support going forward.

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.


Market Conditions for URBN as at Aug 10, 2018

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